Tag Archives: Yes Bank

State Bank of India (SBI) and seven other lenders announced on Friday the sale of 20 percent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 13,483 crore, marking the largest cross-border investment in the Indian banking sector. Upon completion of this transaction, SMBC will become the single largest shareholder of Mumbai-based Yes …

Private sector lender Yes Bankon Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore.Both net profit and NII exceeded Street estimates.During the quarter, the bank’s interest income grew by 2.3% YoY to Rs 7,616 crore. Net non-performing …

NEW DELHI: Yes Bank on Saturday said it has received a demand notice of Rs 2,209 crore for the assessment year (AY) 2019-20. The said AY was reopened by the income tax department in April 2023, Yes Bank said in a regulatory filing. The reassessment order was passed by the National Faceless Assessment Unit of the income tax department on …

MUMBAI: A special court rejected CBI‘s chargesheet against Indiabulls Housing Finance Ltd (IHFL), share broker Sanjay Dangi, and DB Realty promoters (Shahid Balwa and Vinod Goenka) along with their associate firms in Rs 4,733 crore DHFL-Yes Bank loan fraud case. The court concluded there was inadequate proof to demonstrate their participation in any bank fraud conspiracy.Subsequently, in three separate orders, …